Quick charity verification for Lakes Region Visiting Nurse Association (EIN: 20228242)
Verdict: Lakes Region Visiting Nurse Association appears trustworthy
92/100Mission Score
$7.7MRevenue
$3.0MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed breakdown for program vs. administrative vs. fundraising expenses in provided data, requiring estimation for spending breakdown.
Consistent 0% officer compensation for an organization of this size is unusual and might warrant further inquiry into how leadership is compensated or structured.
Strengths
Consistent and significant revenue growth, from $1.37M in 2014 to $8.47M in 2023.
Strong financial health with consistent surpluses (e.g., $504,623 in 2023).
Healthy asset growth, increasing from $1.21M in 2014 to $4.44M in 2023.
Low liabilities relative to assets, indicating good financial management (e.g., $467,596 liabilities vs. $4,442,431 assets in 2023).
0% reported officer compensation across all filings, suggesting a high dedication of funds to mission.
Spending Breakdown
How Lakes Region Visiting Nurse Association allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lakes Region Visiting Nurse Association
Is Lakes Region Visiting Nurse Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Region Visiting Nurse Association (EIN: 20228242) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is Lakes Region Visiting Nurse Association a good charity to donate to?
Lakes Region Visiting Nurse Association has a Mission Score of 92/100. Revenue: $7.7M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lakes Region Visiting Nurse Association?
The Employer Identification Number (EIN) for Lakes Region Visiting Nurse Association is 20228242. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lakes Region Visiting Nurse Association spend its money?
Lakes Region Visiting Nurse Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lakes Region Visiting Nurse Association's tax-exempt status?
You can verify Lakes Region Visiting Nurse Association's tax-exempt status using EIN 20228242 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Lakes Region Visiting Nurse Association demonstrates strong financial health and efficient spending, particularly in recent years. The organization has shown consistent revenue growth, increasing from $1.37 million in 2014 to $8.47 million in 2023, indicating expanding operations and community support. Their asset base has also grown significantly, from $1.21 million to $4.44 million over the same period, strengthening their financial position. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing resources towards their mission rather than executive salaries, which is a positive indicator of transparency and efficiency.
The organization consistently operates with a surplus, with revenues generally exceeding expenses, allowing for asset accumulation. For example, in 2023, revenue was $8,472,544 against expenses of $7,967,921, resulting in a surplus of over $500,000. This financial prudence ensures sustainability and capacity for future program delivery. The absence of reported officer compensation in all filings is a notable aspect of their financial transparency, indicating that leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which warrants further investigation for a complete picture of their compensation practices.
Overall, Lakes Region Visiting Nurse Association appears to be a well-managed and financially sound organization. Their consistent growth, healthy surpluses, and apparent dedication to program spending, as evidenced by the lack of reported officer compensation, paint a picture of an efficient and mission-focused nonprofit. The increasing assets and controlled liabilities further underscore their stability and capacity to deliver on their mission in the Lakes Region.